FDx Advisors Inc. Acquires New Shares in Vistra Corp. (NYSE:VST)

FDx Advisors Inc. bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,852 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of VST. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after purchasing an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Northern Trust Corp raised its position in shares of Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after purchasing an additional 296,714 shares during the last quarter. Norges Bank purchased a new position in shares of Vistra in the 4th quarter valued at approximately $409,087,000. Finally, Castle Hook Partners LP raised its position in shares of Vistra by 13.6% in the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In related news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director directly owned 75,946 shares of the company's stock, valued at $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Up 0.4%

NYSE:VST traded up $0.70 on Friday, reaching $196.48. 3,712,766 shares of the company's stock were exchanged, compared to its average volume of 7,175,559. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $200.25. The firm has a market capitalization of $66.67 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The business has a fifty day moving average of $170.58 and a 200-day moving average of $150.99.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. Vistra's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VST shares. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group lifted their price target on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. The Goldman Sachs Group lifted their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.